Haagensen Toft

How to win a value war?

A close analysis on Economics suggests that price is the outcome of demand and provide. ...

Lowest price of any item is the value that is set at the minimum without having undergoing any loss by either the businessmen or the buyers. Prior to you fix the lowest costs, you should study on variables like what to sell, how to sell and whom to sell. Right after these variables are decided you should fix the rates of the products and services that you want to sell.

- Competitive Parity charging the identical value or typical value of the competitors

- Zero-based pricing receiving a small margin per item with high volume of sales

You must fix your price based on the perceived value to the clients. To repair the lowest price without undergoing any loss, you really should know what people want to pay? Either make contact with a industry study firm or do it yourself if you are in a price range.

Pricing for a healthful enterprise

Setting lowest price does not mean that you undervalue your merchandise and services. Although lowest pricing is a blessing amongst businessmen, under-pricing is a curse